After growing its financial advisor continued to expand its workforce. In 2016 it bought rival MetLife's network of 4,000 life insurance agents for $300 million, helping it boost annual sales by 14% and pushing it up the Fortune 500 list. Low interest rates and market volatility were hazards for the company and its peers, but the Springfield, Mass. company ended its fiscal 2016 with record sales ($11.4 billion in retirement plans alone) and $675 billion in assets under management, up $33 billion from 2015.
Company Info
| CEO | Roger W. Crandall |
| CEO Title | Chairman, President & Chief Executive Officer |
| Sector | Financials |
| Industry | Insurance: Life, Health (Mutual) |
| HQ Location | Springfield, MA |
| Website | www.massmutual.com |
| Years on Fortune 500 List | 23 |
| Employees | 11,737 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $37,788 |
| Profits ($M) | $1,273.5 |
| Assets ($M) | $271,040 |
| Total Stockholder Equity ($M) | $15,424 |
| Market Value — as of March 31, 2017 ($M) | - |
Profit Ratios
| Profit as % of Revenues | 3.4% |
| Profits as % of Assets | 0.5% |
| Profits as % of Stockholder Equity | 8.3% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | - |
| EPS % Change (from 2015) | - |
| EPS % Change (5 year annual rate) | - |
| EPS % Change (10 year annual rate) | - |
Total Return
| Total Return to Investors (2016) | - |
| Total Return to Investors (5 year, annualized) | - |
| Total Return to Investors (10 year, annualized) | - |
